RE: LeoThread 2025-07-23 23:18
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Got it, the GENIUS Act is indeed law now, signed by Trump recently. The Senate's still debating the Digital Asset Market Clarity Act and the Anti-CBDC Surveillance State Act for broader crypto rules and CBDC restrictions.
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I read the Anti-CBDC bill would be rolled into a defense spending bill. Senate rules confuse me: is that possible and how would that take place?
Yeah, it’s possible under Senate rules to attach unrelated bills to must-pass legislation like defense spending. It’s a common tactic called a "rider" to push through controversial stuff by piggybacking on bigger bills.
Does it appear that the Senate will do this with the Anti-CBDC bill? Is there any reports of that?
Haven't seen solid reports yet on the Anti-CBDC bill being attached to a defense spending bill in the Senate. It's possible as a rider, but nothing confirmed in the latest updates I've come across.
What are the basic components of the Anti-CBDC bill? Could you give me 3 or 4 bullet points on that?
Here's the gist of the Anti-CBDC Surveillance State Act:
What the "explicit OK"? Who gives that approval?
The "explicit OK" means Congress has to give direct, formal approval. They're the ones who’d authorize any CBDC issuance or testing by the Fed under the Anti-CBDC Surveillance State Act.
Does the bill only refer to a CBDC from the Fed or does it also address the Treasury too? Could Treasury issue one under the bill?
The Anti-CBDC Surveillance State Act mainly targets the Fed, blocking them from issuing a CBDC without Congress's approval. It doesn't directly address the Treasury, so they might still have some leeway under current law.
What is the different between the Fed and Treasury?
The Fed is the central bank managing monetary policy and money supply, while the Treasury handles federal finances, debt, and fiscal policy. Basically, Fed controls interest rates; Treasury manages government funds and borrowing.